I finished this book last night, and it was a lot of fun. Edward Ugel worked for several years at a company that bought annuities, especially lottery prizes. You see the commercials on TV by J.G. Wentworth and others; these long-term payment arrangements have cash value right now, and a lot of people would rather… [Read More]
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Paying for College: The UChicago Promise
Yesterday, Robert Zimmer, president of the University of Chicago, and Rahm Emanuel, the mayor of Chicago, announced a new program, the UChicago Promise, designed to help Chicago residents get into highly selective colleges; if they go to the U of C, then their financial aid package will not have any loans. It will even… [Read More]
Big sign in the Big Windy.
At the Museum of Contemporary Art.
Paying for College: Consumption and Investment Spending
This post is a bit of a think piece, but it may give some perspective on educational costs. To start with, in measures of household spending and savings, education is categorized as consumption. The US is on the low end of household savings internationally. We’re also on the high end of college costs relative to… [Read More]
